No EFTPOS Charge Starts For Bank Customers

No EFTPOS Charge Starts For Bank Customers

Fiji Sun, 02 January 2018 – The exemption Electronic Funds Trans­fer at Point of Sale (EFTPOS) fees that came in effective yesterday is a win-win situations for Banks and customers.

This is in line with Government’s initiative in the 2018-2019 National Budget to help Fiji­ans embrace electronic forms of payment and allow banks to offer free EFTPOS purchase transactions chargers for ATM access card holders.

Previously people using your debit cards were normally charged 40 cents while the bank charges the vendor (supermarket or any shop) 30 cents on each transaction.

In an earlier statement, Fijian Competition and Consumer Commission (FCCC) chief ex­ecutive officer Joel Abraham commended the move by Government which is expected to benefit thousands of Fijians.

Mr Abraham said people could now shop us­ing debit cards without the burden of added transaction costs which results in more sav­ings for. Read more…